Tata Consultancy Services has unveiled a strategic alliance with Xerox aimed at accelerating the latter’s digital transformation by leveraging cloud and generative artificial intelligence (GenAI).

What Happened: Under the terms of the agreement, TCS will streamline Xerox's technology services to enhance business outcomes and transition complex legacy data centres to the Azure public cloud. The IT behemoth will also roll out a cloud-based Digital ERP platform to overhaul business processes and integrate GenAI into operations to foster sustainable growth.

TCS is set to create a new agile, cloud-first operating model for Xerox, employing its service practices such as AI.Cloud, Enterprise Solutions (including TCS CrystallusTM) and Cognitive Business Operations (including TCS CognixTM).

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Tino Lancellotti, chief information officer, Xerox, commented, "This digital transformation initiative is a crucial catalyst for revamping our operating model to simplify our geographical, offering, and operational footprint while transforming our clients' experience. We believe TCS is the ideal partner to deliver such a complex program given their proven experience both within Xerox and across the industry."

The IT heavyweights are witnessing a surge in shares today, fuelled by recovery hopes sparked by Accenture‘s May quarter results. Accenture’s new bookings saw a 22% jump to $21.1 billion (₹1.74 lakh crore), with generative AI contributing $900 million (₹7,470 crore).

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